Investment Info:

Single-family residence fix & flip investment in Charleston.

Purchase price: $55,000

Cash invested: $110,000

Sale price: $205,000

This was a 1950 raised home that needed exte...

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

It’s more of a charming city with more neighborhoods that have their own character.

A recent article on Islands.com highlights Henderson's charm, from its historic petroglyphs and post-WWII transformation to its thriving arts scene, boutique shops, and outdoor adventures.

You have to enjoy and reward yourself sometimes.

Risks and rewards to this type of tenant? 

But again, there is a charm to older properties, because if they do have the proper envelope a great structure, and the ability for a functional layout, they can have a lot of potential. likely a full gut...

The area’s charm is becoming widely known, and now is the perfect time to invest.Challenges to Consider1.

While the financial rewards are great, the true treasure is who you become along the way.

Having graduated from BC myself, I understand the charm it holds, which can be perfect for the right person.What year did you graduate?